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    PAVE

    U.S. Infrastructure Development ETF

    Invest in PAVE

    Morningstar Rating™ - Overall rating out of 92 Infrastructure funds, based on risk-adjusted returns as of 06/30/24

    Reasons to Consider PAVE

    Compelling Need

    The American Society of Civil Engineers assigned a letter grade of C- to the state of U.S. infrastructure in its 2021 report card, highlighting the need for investment.1

    Multiple Long-Term Catalysts

    America is committed to improving its aging infrastructure. The Infrastructure Investment and Jobs Act, Inflation Reduction Act, and CHIPS and Science Act appropriated nearly $1tn to fund critical infrastructure projects.

    Unconstrained Approach

    As the economy evolves, so do infrastructure needs. PAVE seeks to capture this trend by investing in companies that are part of the infrastructure theme, regardless of sector or industry classification.

    1American Society of Engineers, Mar 2021

    Key Information As of 07/26/24

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $7.90 billion
    NAV $39.32

    ETF Summary

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States, including those involved in the production of raw materials, heavy equipment, engineering, and construction.

    ETF Objective

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx U.S. Infrastructure Development Index.

    Trading Details As of 07/26/24

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe
    Shares Outstanding 200,860,000
    Number of Holdings 101
    30-Day Median Bid-Ask Spread 0.03%

    Distributions As of 07/26/24

    30-Day SEC Yield 0.67%
    Distribution Frequency Semi-Annually
     Distribution History

    ETF Prices As of 07/26/24

    NAV $39.32 Daily Change $0.87 2.26%
    Market Price $39.34 Daily Change $0.85 2.21%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 06/28/24)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE -4.16% 7.67% 7.72% 18.61% 65.14% 158.79% 03/06/17
    Returns (as of 07/25/24)
    		Return PAVE Return Index
    Since Inception 168.79% 179.75%
    12 Months 19.47% 20.52%
    24 Months 48.34% 50.21%
    Last 60 Trading Days 0.57% 0.71%
    Last 75 Trading Days -2.78% -2.64%
    Monthly Returns (through 07/25/24)
    		Return PAVE Return Index
    Jul 2024 3.86% 3.92%
    Jun 2024 -4.16% -4.16%
    May 2024 3.28% 3.37%
    Apr 2024 -5.87% -5.85%
    Mar 2024 5.53% 5.57%
    Feb 2024 9.91% 10.01%
    Jan 2024 -0.36% -0.34%
    Dec 2023 9.83% 10.07%
    Nov 2023 9.40% 9.57%
    Oct 2023 -5.17% -5.09%
    Sep 2023 -5.90% -5.84%
    Aug 2023 -0.36% -0.32%
    Jul 2023 3.08% 3.12%
    Jun 2023 15.49% 15.55%
    May 2023 -1.18% -1.14%
    Apr 2023 -2.56% -2.56%
    Mar 2023 -2.93% -2.90%
    Feb 2023 0.80% 0.89%
    Jan 2023 9.27% 9.36%
    Dec 2022 -4.67% -4.63%
    Nov 2022 7.95% 7.97%
    Oct 2022 12.25% 12.30%
    Sep 2022 -9.77% -9.79%
    Aug 2022 -2.80% -2.83%
    Jul 2022 15.61% 15.66%

    Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

    NAV & Index Chart

    Top Holdings As of 07/26/24

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.39 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 329.71 811,262 267,481,194.02
    3.38 URI UNITED RENTALS INC United States 2134781 752.21 355,339 267,289,549.19
    3.18 ETN EATON CORP PLC United States B8KQN82 297.79 844,332 251,433,626.28
    3.17 EMR EMERSON ELECTRIC CO United States 2313405 116.84 2,144,376 250,548,891.84
    3.08 PH PARKER HANNIFIN CORP United States 2671501 554.61 437,857 242,839,870.77
    2.94 MLM MARTIN MARIETTA MATERIALS United States 2572079 565.62 410,437 232,151,375.94
    2.91 PWR QUANTA SERVICES INC United States 2150204 256.73 894,935 229,756,662.55
    2.85 SRE SEMPRA United States 2138158 78.55 2,863,775 224,949,526.25
    2.71 VMC VULCAN MATERIALS CO United States 2931205 261.71 818,459 214,198,904.89
    2.66 NSC NORFOLK SOUTHERN CORP United States 2641894 247.22 850,198 210,185,949.56
    2.66 HWM HOWMET AEROSPACE INC United States BKLJ8V2 82.68 2,536,070 209,682,267.60
    2.63 FAST FASTENAL CO United States 2332262 70.37 2,954,739 207,924,983.43
    2.59 DE DEERE & CO United States 2261203 386.55 530,025 204,881,163.75
    2.57 UNP UNION PACIFIC CORP United States 2914734 240.36 844,057 202,877,540.52
    2.56 CSX CSX CORP United States 2160753 34.32 5,886,634 202,029,278.88
    2.44 NUE NUCOR CORP United States 2651086 160.89 1,195,979 192,421,061.31
    2.37 ROK ROCKWELL AUTOMATION INC United States 2754060 277.04 675,065 187,020,007.60
    1.95 FTV FORTIVE CORP United States BYT3MK1 70.99 2,164,660 153,669,213.40
    1.65 STLD STEEL DYNAMICS INC United States 2849472 130.54 996,749 130,115,614.46
    1.61 CSL CARLISLE COS INC United States 2176318 424.66 299,872 127,343,643.52
    1.61 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 167.49 759,769 127,253,709.81
    1.54 HUBB HUBBELL INC United States BDFG6S3 367.09 330,217 121,219,358.53
    1.44 J JACOBS SOLUTIONS INC United States BNGC0D3 145.98 778,074 113,583,242.52
    1.43 WLK Westlake Corporation United States B01ZP20 143.03 789,134 112,869,836.02
    1.36 RS RELIANCE INC United States 2729068 304.05 354,044 107,647,078.20
    1.34 EME EMCOR GROUP INC United States 2474164 364.05 289,706 105,467,469.30
    1.22 IEX IDEX CORP United States 2456612 206.46 465,783 96,165,558.18
    1.18 RPM RPM INTERNATIONAL INC United States 2756174 117.56 793,853 93,325,358.68
    1.16 BLD TOPBUILD CORP United States BZ0P3W2 466.52 195,745 91,318,957.40
    1.14 PNR PENTAIR PLC United States BLS09M3 88.50 1,018,190 90,109,815.00
    1.11 GGG GRACO INC United States 2380443 84.42 1,038,220 87,646,532.40
    1.07 TRMB TRIMBLE INC United States 2903958 55.36 1,532,223 84,823,865.28
    1.06 WMS ADVANCED DRAINAG United States BP7RS59 174.48 479,882 83,729,811.36
    0.96 ACM AECOM United States B1VZ431 90.23 836,509 75,478,207.07
    0.94 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 210.36 352,382 74,127,077.52
    0.87 TTEK TETRA TECH INC United States 2883890 210.55 327,928 69,045,240.40
    0.86 WWD WOODWARD INC United States 2948089 183.13 369,246 67,620,019.98
    0.80 RRX REGAL REXNORD CORP United States 2730082 155.49 408,851 63,572,241.99
    0.80 TPC TUTOR PERINI CORP United States 2681760 26.07 2,419,078 63,065,363.46
    0.71 X UNITED STATES STEEL CORP United States 2824770 40.75 1,374,323 56,003,662.25
    0.70 CR CRANE CO United States BNYD4F8 158.87 349,887 55,586,547.69
    0.68 WCC WESCO INTERNATIONAL INC United States 2416973 170.50 314,646 53,647,143.00
    0.67 MTZ MASTEC INC United States 2155306 109.58 485,481 53,199,007.98
    0.67 EXP EAGLE MATERIALS INC United States 2191399 246.07 214,925 52,886,594.75
    0.66 RBC RBC BEARINGS INC United States B0GLYB5 292.02 178,753 52,199,451.06
    0.65 ATI ATI Inc United States 2526117 65.54 785,784 51,500,283.36
    0.62 MLI MUELLER INDUSTRIES INC United States 2609717 70.13 699,245 49,038,051.85
    0.61 CLF CLEVELAND-CLIFFS INC United States BYVZ186 15.47 3,101,046 47,973,181.62
    0.60 AYI ACUITY BRANDS INC United States 2818461 248.33 189,749 47,120,369.17
    0.55 LPX LOUISIANA-PACIFIC CORP United States 2535243 97.60 444,168 43,350,796.80
    0.55 CMC COMMERCIAL METALS CO United States 2213260 60.35 714,495 43,119,773.25
    0.54 CRS CARPENTER TECHNOLOGY United States 2177504 140.78 304,927 42,927,623.06
    0.53 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 149.40 281,166 42,006,200.40
    0.49 VMI VALMONT INDUSTRIES United States 2926825 302.59 128,616 38,917,915.44
    0.48 USLM US LIME & MINERA United States 2724115 83.93 448,655 37,655,614.15
    0.47 BMI BADGER METER INC United States 2069128 206.29 180,761 37,289,186.69
    0.47 AA ALCOA CORP United States BYNF418 33.43 1,099,740 36,764,308.20
    0.46 POWL POWELL INDUSTRIES INC United States 2697422 139.28 261,964 36,486,345.92
    0.46 AGX ARGAN INC United States 2804501 77.59 466,961 36,231,503.99
    0.45 PRIM PRIMORIS SERVICES CORP United States B1GC200 56.15 630,471 35,400,946.65
    0.44 ZWS Zurn Elkay Water Solution United States BMV1ZD3 32.40 1,064,197 34,479,982.80
    0.43 MDU MDU RESOURCES GROUP INC United States 2547323 27.18 1,254,231 34,089,998.58
    0.43 DXPE DXP ENTERPRISES INC United States 2276627 53.22 638,468 33,979,266.96
    0.42 EXPO EXPONENT INC United States 2330318 105.45 311,873 32,887,007.85
    0.42 STRL STERLING INFRAST United States 2632876 115.28 284,857 32,838,314.96
    0.41 DY DYCOM INDUSTRIES INC United States 2289841 177.91 180,707 32,149,582.37
    0.40 ATKR Atkore Inc United States BDHF495 139.21 228,105 31,754,497.05
    0.40 DNOW DNOW INC United States BMH0MV1 15.11 2,083,881 31,487,441.91
    0.40 GVA GRANITE CONSTRUCTION INC United States 2381189 68.83 452,799 31,166,155.17
    0.39 ROAD CONSTRUCTION P-A United States BDT5M66 62.75 489,147 30,693,974.25
    0.38 MWA MUELLER WATER-A United States B15RZR4 20.70 1,444,352 29,898,086.40
    0.37 SUM SUMMIT MATERIA-A United States BW9JPS4 40.11 736,107 29,525,251.77
    0.37 MRC MRC GLOBAL INC United States B7M66F1 14.85 1,981,393 29,423,686.05
    0.37 CSWI CSW INDUSTRIALS INC United States BYQD1J6 300.87 96,550 29,048,998.50
    0.36 CENX CENTURY ALUMINUM COMPANY United States 2186254 15.42 1,823,165 28,113,204.30
    0.35 KNF KNIFE RIVER CORP United States BPLL4V5 80.00 348,367 27,869,360.00
    0.35 ACA ARCOSA INC United States BGPZ5W8 92.12 300,458 27,678,190.96
    0.35 TEX TEREX CORP United States 2884224 66.76 412,900 27,565,204.00
    0.34 HRI HERC HOLDINGS INC United States BZBZ020 154.24 174,065 26,847,785.60
    0.34 NWPX NORTHWEST PIPE CO United States 2035925 37.60 712,979 26,808,010.40
    0.34 TRN TRINITY INDUSTRIES INC United States 2904627 33.32 803,563 26,774,719.16
    0.32 GRC GORMAN-RUPP CO United States 2379281 41.11 618,658 25,433,030.38
    0.32 MTX MINERALS TECHNOLOGIES INC United States 2595612 80.50 310,605 25,003,702.50
    0.29 HAYN HAYNES INTERNATIONAL INC United States B02WVH7 59.78 387,613 23,171,505.14
    0.29 GBX GREENBRIER COMPANIES INC United States 2387530 50.26 449,026 22,568,046.76
    0.28 MTUS METALLUS INC United States BNBPMX1 22.25 1,010,188 22,476,683.00
    0.28 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 150.09 149,116 22,380,820.44
    0.28 CXT CRANE NXT CO United States BQ7W2W6 63.84 349,830 22,333,147.20
    0.27 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 39.41 546,907 21,553,604.87
    0.27 HEES H&E EQUIPMENT SE United States B0WR848 53.27 403,837 21,512,396.99
    0.26 IIIN INSTEEL INDUSTRIES INC United States 2325875 34.71 603,183 20,936,481.93
    0.26 MTRN MATERION CORP United States 2149622 120.55 172,263 20,766,304.65
    0.26 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 80.87 256,309 20,727,708.83
    0.26 ASTE ASTEC INDUSTRIES INC United States 2060370 35.24 587,905 20,717,772.20
    0.22 WNC WABASH NATIONAL CORP United States 2932048 21.08 811,504 17,106,504.32
    0.22 CALX CALIX INC United States B3S4L67 36.68 463,924 17,016,732.32
    0.21 CTOS CUSTOM TRUCK ONE United States BL66YS4 5.17 3,195,289 16,519,644.13
    0.20 RYI RYERSON HOLDING CORP United States B3TPPZ6 25.56 604,765 15,457,793.40
    0.17 TITN TITAN MACHINERY INC United States B29H3T5 17.89 761,081 13,615,739.09
    0.06 CASH United States 1.00 4,630,192 4,630,192.29
    0.02 OTHER PAYABLE & RECEIVABLES United States 1.00 1,766,819 1,766,818.70
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 06/30/24

    Sector Weight (%)
    Industrials 71.4
    Materials 21.3
    Information Technology 3.2
    Utilities 2.9
    Consumer Discretionary 1.0
    Financials 0.2

    Source: AltaVista Research, LLC

    ETF Characteristics As of 07/25/24

    Return on Equity 15.70%
    Weighted Avg. Market Cap 35,977 M
    2023 2024
    Price-to-earnings 20.98 20.02
    Price-to-book value 3.35 2.96

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 06/30/24

    Versus Beta
    S&P 500 1.24
    MSCI EAFE 1.20
    MSCI Emg. Mkts 0.75
    Standard Deviation 25.00%

    Source: AltaVista Research, LLC

    ETF Documents

    TERMS OF USE

    Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

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